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Fun Fact Friday 📉 12/8/2023

Fun Fact Friday 📉 12/8/2023

Hey Friends,
I’ve got 3 fun facts and my weekly quote to share with you today.

Blessings,
Andrew

Fun Fact 1:
US housing affordability is worse today than the peak of the last housing bubble. The median American household would need to spend 44.7% of their income to afford the median priced home, a record high.

Andrew Bacon Top Colorado Springs Realtor

Source: Charlie Bilello


Fun Fact 2:
US Rents fell in November for the 4th consecutive month. While homes have become increasingly more unaffordable to buy, the market for renters continues to slowly improve.

Andrew Bacon Top Colorado Springs Realtor

Source: Charlie Bilello


Fun Fact 3:
Pending home sales have hit their lowest point in history, (outside the first months of the COVID crisis when the economy nearly ground to a halt).

Andrew Bacon Top Colorado Springs Realtor

Source: National Association of Realtors, FactSet; Chart: Axios Visuals


Quote I’m pondering:

“Opportunities come when you’re laser focused on achieving your goals, not when you’re looking for them.” -Julie Busha (Shark Tank entrepreneur who left without a deal.)

 

 

Thanks again for reading. Subscribe HERE to get this delivered to your inbox so you never miss a read.

 

 

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.

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Andrew Bacon

I love helping people succeed. Being both professional and extremely personal, I love investing in my family, friends, neighbors, clients and community. Providing both peace and value to my clients is the driver of my real estate career.

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